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HouTianTan
Feb 27, 2017 1:55 AM

USDCNH Short Target 6.7200 Short

U.S. Dollar/Chinese YuanFXCM

Description

The appreciation of Chinese Yuan against the US Dollars on the 3rd of January to 5th is a strong signal of a longer term strength of the CNH. The Yuan has been in a consolidation state since then, and is now trading near the upper band of the range.

Short the pair using a market order with a stop-loss of 6.8866 with a Profit Target of 6.7200.
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